The Valspar Corp. (NYSE: VAL) reported sales for the second quarter of $1.1 billion, a 2 percent decrease year-over-year. Profit for the first quarter decreased 11.4 percent to $80 million.
Year-to-date sales decreased 7.2 percent compared to the prior year to $1.9 billion. Profit for the period decreased 31.8 percent to $132.5 million.
As previously announced, Sherwin-Williams has agreed to acquire Valspar for $11.3 billion.
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